NOT LISTED FOR SALE

1541 Addison Rd Cleveland, OH 44103

Hough Neighborhood

Estimated Value: $301,386

6 Beds
6 Baths
8,007 Sq Ft
$38/Sq Ft Est. Value

Last Sold September 20, 2022

Last sale price $245,000 $31 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $2,167/month

2 Days on Market

About This Home

As of September 2022

Great investment opportunity Cleveland’s historic Hough neighborhood! 6 one-bedroom apartments on 2nd level, each fully occupied with long term tenants!

Last Agent to Sell the Property

Coby Socher

Keller Williams Greater Metropolitan License #2011001963 Listed on: 07/13/2022

Keller Williams Greater Metropolitan

Co-Listed By

Shoshana Socher

Keller Williams Greater Metropolitan License #2006000982

Last Buyer's Agent

Jovon Stewart

RE/MAX Haven Realty License #2017005022

RE/MAX Haven Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,163

Year Built

  • Built in 1913

Lot Details

  • 3,311 Sq Ft Lot
  • Chain Link Fence

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • 8,007 Sq Ft Home
  • 4-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • 6 Units
  • No Laundry Facilities

Listing and Financial Details

  • Tenant pays for cable/electric link, electric, heating
  • The owner pays for sewer, water
  • Assessor Parcel Number 106-21-005

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,163

Year Built

Built in 1913

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Four
  • Price Per Square Foot: 30.60
  • Estimated Price per Sq Ft: 30.60
  • Year Built Exception: Actual YBT
  • Total Sq Ft: 8007
  • Year Built: 1913
  • Court Ordered Y N: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1913

Interior Features

  • Total Bedrooms: 6
  • Total Bathrooms: 6.00
  • Full Bathrooms: 6
  • Sq Ft Approx Above Grade Finished: 8007.00
  • Sq Ft Approx Total Finished: 8007.00

Exterior Features

  • Exterior: Brick
  • Fences: Chain Link
  • Roof: Flat

Utilities

  • LaundryFeatures: None
  • Heating Fuel: Gas
  • Heating Type: Forced Air
  • Water/Sewer: Public Water, Public Sewer

Schools

  • School District: Cleveland Municipal
  • School District: Cleveland Municipal

Lot Info

  • Lot Size Units: Acres
  • Acres: 0.0760
  • Parcel Number: 106-21-005

Rental Info

  • Owner Pays: Sewer, Water
  • Tenant Pays: Cable/Electric Link, Electric, Heating

Multi Family

  • Unit Count: 1
  • Num Of Buildings: 1
  • Number of Units: 6
  • Percent Units Occupied: 100

Tax Info

  • Tax: 2163

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 27, 2024
Sold by
For The 5 Llc
Bought by
Mgh Development Group Llc
Current Estimated Value
$301,386

Purchase Details

Listed on
Jul 13, 2022
Closed on
Sep 16, 2022
Sold by
Watsons All In One Llc
Bought by
For The 5 Llc
Seller's Agent
Coby Socher
Keller Williams Greater Metropolitan
Buyer's Agent
Jovon Stewart
RE/MAX Haven Realty
List Price
$259,500
Sold Price
$245,000
Premium/Discount to List
-$14,500
-5.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.05%
Original Mortgage
$183,750
Interest Rate
5.13%
Mortgage Type
Construction

Purchase Details

Closed on
Dec 2, 2013
Sold by
Watson Derek E
Bought by
Watsons All In One Llc

Purchase Details

Closed on
Jul 31, 2013
Sold by
Fowler Ralph
Bought by
Watson Derek E

Purchase Details

Closed on
Jan 1, 1975
Bought by
Fowler Ralph W
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mgh Development Group Llc $285,000 None Listed On Document
For The 5 Llc $245,000 Ohio Real Title
Watsons All In One Llc -- Chicago Title Insurance C
Watson Derek E $55,000 Chicago Title Insurance Co
Fowler Ralph W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner For The 5 Llc $183,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/20/2022 09/20/22 Sold $245,000 -5.6% $31 / Sq Ft
07/15/2022 07/15/22 Pending -- -- --
07/13/2022 07/13/22 For Sale $259,500 -- $32 / Sq Ft
Source: MLS Now

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $6,759 $65,485 $1,155 $64,330
2023 $2,160 $21,630 $1,260 $20,370
2022 $2,157 $21,630 $1,260 $20,370
2021 $2,164 $21,630 $1,260 $20,370
2020 $2,046 $19,670 $1,160 $18,520
2019 $1,926 $56,200 $3,300 $52,900
2018 $1,870 $19,670 $1,160 $18,520
2017 $1,857 $18,280 $1,440 $16,840
2016 $1,857 $18,280 $1,440 $16,840
2015 $1,739 $18,280 $1,440 $16,840
2014 $1,739 $17,190 $1,440 $15,750
Source: Public Records

Agents Affiliated with this Home

  • Coby Socher

    Seller's Agent in 2022

    Coby Socher

    Keller Williams Greater Metropolitan

    (216) 258-9951

    1 in this area

    277 Total Sales

    Coby Socher
    Section Image
  • Shoshana Socher

    Seller Co-Listing Agent in 2022

    Shoshana Socher

    Keller Williams Greater Metropolitan

    (216) 255-7377

    1 in this area

    307 Total Sales

    Shoshana Socher
    Section Image
  • Jovon Stewart

    Buyer's Agent in 2022

    Jovon Stewart

    RE/MAX

    (216) 401-0273

    1 in this area

    40 Total Sales

    Jovon Stewart
    Section Image
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Map

Source: MLS Now

MLS Number: 4391419

MLS Now

APN: 106-21-005

Ohio Cuyahoga County Cleveland 44103 Hough

1541 Addison Rd, Cleveland, OH

This home is located at 1541 Addison Rd, Cleveland, OH 44103 since 13 July 2022 and is currently estimated at $301,386, approximately $37 per square foot. This property was built in 1913. 1541 Addison Rd is a home located in Cuyahoga County with nearby schools including Bolton, Anton Grdina School, and Andrew J. Rickoff School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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